加密市场崩溃：比特币的自由落体

在过去的24小时内，加密货币市场遭受了残酷的鼻子，使投资者陷入困境，因为比特币和主要的山寨币在广泛的恐慌中跌落。

The cryptocurrency market took a brutal nosedive in the last 24 hours, wiping out $1.7 billion in leveraged positions and leaving investors reeling as Bitcoin and major altcoins tumbled amid widespread panic.

在过去的24小时内，加密货币市场遭受了残酷的鼻子，消耗了17亿美元的杠杆头寸，并使投资者陷入困境，因为比特币和主要的Altcoins在广泛的恐慌中跌落。

As of 1:40 PM PDT on March 10, 2025, the crypto landscape was in chaos, with prices dropping sharply due to a perfect storm of regulatory fears, macroeconomic shifts, and market sentiment shifts. Here’s a deeper look at the real facts, figures, and what’s driving this gut-wrenching crash.

截至2025年3月10日，PDT的下午1:40，加密货币景观处于混乱状态，由于监管恐惧，宏观经济转变和市场情绪变化的完美风暴，价格急剧下降。这是对真实的事实，数字和造成这种危险的崩溃的更深入的看法。

Altcoins weren’t immune to the carnage. Ethereum (ETH) dropped 12% to $3,200, losing $50 billion in market cap. Solana (SOL) plummeted 18% to $145, XRP fell 14% to $0.58, and Dogecoin (DOGE) crashed 20% to $0.18, according to CoinGecko data at 1:40 PM PDT on March 10.

AltCoins不能免疫屠杀。以太坊（ETH）下跌了12％至3,200美元，损失了500亿美元的市值。根据Coingecko Data在3月10日下午1:40的数据显示，Solana（Sol）下跌18％至145美元，XRP下跌14％至0.58美元，Dogecoin（Doge）坠毁20％至0.18美元。

The broader altcoin market shed $300 billion, pushing the total crypto market cap below $2.5 trillion—down from $2.8 trillion on March 9.

更广泛的山寨币市场削减了3000亿美元，将总加密货币市值低于2.5万亿美元，从3月9日的2.8万亿美元下降。

DeFi tokens like Uniswap (UNI) and Aave (AAVE) saw even sharper declines, dropping 22% and 19%, respectively, as liquidity dried up. Stablecoins like USDT and USDC briefly de-pegged, with USDT trading at $0.98 for an hour amid fears of reserve scrutiny.

随着流动性干燥，诸如UNISWAP（UNI）和AAVE（AAVE）之类的Defi令牌分别下降了，分别下降了22％和19％。像USDT和USDC这样的Stablecoins短暂地进行了脱口秀，由于担心储备审查，USDT的交易价格为0.98美元。

The sell-off also rippled through NFT marketplaces, with OpenSea reporting a 30% drop in trading volume to $50 million in the last 24 hours, according to DappRadar.

根据Dappradar的数据，售罄也通过NFT市场爆发，Opensea报告说，过去24小时内的交易量下降了30％，至5000万美元。

One of the primary catalysts for the recent market downturn was a significant security breach. North Korean hackers, known as the Lazarus Group, executed the largest crypto heist to date, stealing $1.5 billion from Bybit, a Dubai-based cryptocurrency exchange.

最近市场下跌的主要催化剂之一是严重的安全漏洞。朝鲜黑客被称为拉撒路集团（Lazarus Group），迄今为止处决了最大的加密抢劫，从总部位于迪拜的加密货币交易所Bybit窃取了15亿美元。

This audacious heist not only shook the confidence of Bybit's users but also sent shockwaves throughout the entire cryptocurrency market.

这个大胆的抢劫案不仅震惊了拜比特用户的信心，而且在整个加密货币市场上都引发了冲击波。

The breach was discovered when Bybit's CEO, Ben Zhou, noticed an unauthorized transfer of 400,000 Ethereum (approximately $1.5 billion) from a cold wallet. This alarming discovery led to an emergency crisis plan, with the exchange receiving over 200,000 withdrawal requests within an hour. The situation was stabilized with assistance from other crypto firms, but the damage to investor confidence was already done.

当Bybit的首席执行官Ben Zhou注意到未经授权的转移40万以太坊（约15亿美元）时，发现了漏洞。这一令人震惊的发现导致了紧急危机计划，交易所在一个小时内收到了200,000多个提款请求。在其他加密货币公司的帮助下，情况稳定了，但是已经对投资者的信心造成了损害。

In addition to security concerns, governmental actions have also played a role in the recent market turbulence. David Sacks, appointed as the “crypto czar” by President Donald Trump, revealed that the U.S. government may have lost over $16 billion by prematurely selling off half of its bitcoin holdings.

除了安全问题外，政府行动还在最近的市场动荡中发挥了作用。戴维·萨克斯（David Sacks）被总统唐纳德·特朗普（Donald Trump）任命为“加密沙皇”（Crypto Czar）。

This revelation has raised questions about the government’s strategy and its impact on the crypto market.

这一启示引发了有关政府战略及其对加密货币市场的影响的疑问。

In response to these losses, President Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This initiative aims to prevent similar losses by securely storing remaining bitcoins and including a variety of cryptocurrencies in the stockpile.

为了应对这些损失，特朗普总统签署了一项行政命令，以创建“战略性比特币储备”和“数字资产库存”。该计划旨在通过安全存储剩余的比特币并在库存中包括各种加密货币来防止类似的损失。

While this move is intended to stabilize the market, it has also introduced uncertainty, as investors speculate about the government’s future involvement in the crypto space.

尽管这一举动旨在稳定市场，但它也引入了不确定性，因为投资者推测政府未来参与加密货币空间。

The collapse of major crypto entities often leads to a domino effect, impacting other platforms and investors. The recent Bybit hack has heightened concerns about the security of other exchanges, leading to increased withdrawals and a general sense of unease among investors.

主要加密实体的崩溃通常会导致多米诺骨牌效应，从而影响其他平台和投资者。最近的Bybit Hack对其他交流的安全性提高了人们的担忧，导致提款增加和投资者的普遍不安感。

This phenomenon, known as contagion, can exacerbate market downturns as fear spreads throughout the ecosystem. For instance, the collapse of FTX in 2022 had far-reaching consequences, affecting exchanges, lenders, and ultimately, retail investors. Similarly, the current crisis has led to heightened scrutiny of other platforms, with investors questioning the security measures in place to protect their assets.

这种现象被称为传染性，可能会加剧恐惧在整个生态系统中的蔓延，因此会加剧市场的低迷。例如，FTX在2022年的崩溃产生了深远的后果，影响了交流，贷方和最终的零售投资者。同样，当前的危机导致了对其他平台的审查，投资者质疑保护其资产的安全措施。

Another critical factor contributing to the recent market crash is the liquidation of leveraged positions. Leveraged trading allows investors to borrow funds to increase their exposure to the market, amplifying both potential gains and losses.

导致最近市场崩溃的另一个关键因素是清算杠杆位置。杠杆交易使投资者能够借入资金来增加其对市场的影响，从而扩大了潜在的损益和损失。

In this instance, the sharp decline in cryptocurrency prices triggered liquidations totaling approximately $1.7 billion within a 24-hour period. These liquidations further intensified the selling pressure, leading to a self-reinforcing cycle of declining prices and additional liquidations.

在这种情况下，加密货币价格的急剧下降导致清算在24小时内总计约17亿美元。这些清算进一步加剧了销售压力，导致价格下降和额外清算的自我增强周期。

The high level of leverage in the market made it particularly susceptible to such rapid downturns, highlighting the risks associated with leveraged trading in volatile markets.

市场上高水平的杠杆作用使其特别容易受到如此快速的低迷感，突出了与波动市场的杠杆交易相关的风险。

Investor sentiment plays a crucial role in the cryptocurrency market. The recent events, including the government's involvement and the Bybit hack, led to a decline in confidence, prompting many to liquidate their holdings.

投资者的情绪在加密货币市场中起着至关重要的作用。最近的事件，包括政府的参与和拜比特黑客，导致信心下降，促使许多人清算其持股。

This mass sell-off contributed to the sharp

这种大规模抛售有助于尖锐